Urban Outfitters price target raised to $91 from $85 at Morgan Stanley

Morgan Stanley analyst Alex Straton raised the firm’s price target on Urban Outfitters (URBN) to $91 from $85 and keeps an Overweight rating on the shares. Fiscal Q3 EPS came in above consensus and implied guidance on above-expectations sales and margins and on the back of Q3 outperformance, Urban slightly raised implied FY26 EPS guidance, the analyst tells investors. The Q3 report gives the firm further conviction in mid-term positive EPS revision potential, says the analyst, who adds that it views the company’s Q4 bar as “likely beatable.”